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MP Materials Secures Landmark Deals with Apple and Pentagon, Bolstering US Rare Earth Supply Chain

MP Materials Secures Landmark Deals with Apple and Pentagon, Bolstering US Rare Earth Supply Chain

MP Materials Secures Landmark Deals with Apple and Pentagon, Bolstering US Rare Earth Supply Chain MP Materials, the sole operator of America’s rare earth mine, has announced two significant agreements poised to reshape global supply chains. A new $500 million deal with tech titan Apple will boost the production of powerful magnets essential for iPhones and electric vehicles. This follows last week’s revelation that the U.S. Defense Department committed a $400 million investment in the Las Vegas-based company, establishing a…

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U.S. and China Confirm Trade Framework Details, Easing Tech and Rare Earth Restrictions

U.S. and China Confirm Trade Framework Details, Easing Tech and Rare Earth Restrictions

U.S. and China Confirm Trade Framework Details, Easing Tech and Rare Earth Restrictions Beijing has announced that the United States and China have finalized details of a comprehensive trade framework aimed at facilitating rare earth exports and alleviating technology restrictions. China’s Ministry of Commerce released a statement Friday afternoon, confirming the agreement. According to a ministry spokesperson, China is set to review and approve export applications for items subject to control rules, while the U.S. will simultaneously rescind a range…

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